Blue Trust Inc. Purchases 250 Shares of Arrow Electronics, Inc. (NYSE:ARW)

Blue Trust Inc. boosted its position in shares of Arrow Electronics, Inc. (NYSE:ARWFree Report) by 14.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,987 shares of the technology company’s stock after purchasing an additional 250 shares during the period. Blue Trust Inc.’s holdings in Arrow Electronics were worth $249,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Tectonic Advisors LLC increased its holdings in Arrow Electronics by 8.7% during the 4th quarter. Tectonic Advisors LLC now owns 2,589 shares of the technology company’s stock worth $317,000 after purchasing an additional 207 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Arrow Electronics by 317.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 538,726 shares of the technology company’s stock valued at $65,859,000 after acquiring an additional 409,810 shares in the last quarter. Sendero Wealth Management LLC grew its holdings in shares of Arrow Electronics by 31.2% in the 4th quarter. Sendero Wealth Management LLC now owns 4,303 shares of the technology company’s stock valued at $526,000 after acquiring an additional 1,024 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Arrow Electronics by 66.3% in the 4th quarter. Pacer Advisors Inc. now owns 12,280 shares of the technology company’s stock valued at $1,501,000 after acquiring an additional 4,897 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Arrow Electronics by 7.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 2,466 shares of the technology company’s stock valued at $301,000 after acquiring an additional 164 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Trading Down 0.5 %

Shares of NYSE:ARW opened at $129.46 on Monday. Arrow Electronics, Inc. has a 52-week low of $108.51 and a 52-week high of $147.42. The company has a market capitalization of $6.99 billion, a P/E ratio of 8.20 and a beta of 1.40. The company has a 50-day simple moving average of $117.37 and a 200 day simple moving average of $119.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.39.

Arrow Electronics (NYSE:ARWGet Free Report) last issued its earnings results on Thursday, February 8th. The technology company reported $3.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.72 by $0.26. Arrow Electronics had a net margin of 2.73% and a return on equity of 17.22%. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same period last year, the business posted $5.69 EPS. Arrow Electronics’s revenue was down 15.8% on a year-over-year basis. Sell-side analysts forecast that Arrow Electronics, Inc. will post 11.53 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ARW. Truist Financial decreased their price objective on Arrow Electronics from $128.00 to $124.00 and set a “hold” rating for the company in a report on Friday, February 9th. StockNews.com cut Arrow Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, December 13th.

View Our Latest Stock Analysis on Arrow Electronics

Insider Activity at Arrow Electronics

In related news, CAO Yun Sung Cho sold 739 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $117.22, for a total value of $86,625.58. Following the completion of the sale, the chief accounting officer now directly owns 1,389 shares in the company, valued at approximately $162,818.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Arrow Electronics news, insider Richard John Marano sold 1,900 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $116.46, for a total transaction of $221,274.00. Following the completion of the sale, the insider now directly owns 12,108 shares in the company, valued at $1,410,097.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Yun Sung Cho sold 739 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $117.22, for a total transaction of $86,625.58. Following the sale, the chief accounting officer now owns 1,389 shares of the company’s stock, valued at $162,818.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,134 shares of company stock worth $488,795. Insiders own 1.00% of the company’s stock.

About Arrow Electronics

(Free Report)

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.

See Also

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Institutional Ownership by Quarter for Arrow Electronics (NYSE:ARW)

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